Investors Buy Large Volume of T1 Energy Call Options (NYSE:TE)

T1 Energy Inc (NYSE:TE) was the target of unusually large options trading on Tuesday. Stock investors acquired 77,171 call options on the company. This represents an increase of approximately 165% compared to the typical daily volume of 29,166 call options.

Insider Buying and Selling at T1 Energy

In related news, major shareholder Solar (Schweiz) Ag Trina sold 9,500,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $8.14, for a total value of $77,330,000.00. Following the sale, the insider owned 30,652,664 shares in the company, valued at $249,512,684.96. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.44% of the company’s stock.

Hedge Funds Weigh In On T1 Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TE. Strs Ohio purchased a new position in shares of T1 Energy in the 1st quarter valued at about $26,000. Envestnet Asset Management Inc. purchased a new position in shares of T1 Energy in the 2nd quarter valued at about $27,000. NBC Securities Inc. purchased a new position in shares of T1 Energy in the 4th quarter valued at about $28,000. First PREMIER Bank purchased a new position in shares of T1 Energy in the 4th quarter valued at about $30,000. Finally, Blackhawk Capital Partners LLC purchased a new stake in T1 Energy during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TE. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of T1 Energy in a research note on Friday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 target price on shares of T1 Energy in a research note on Tuesday, May 12th. BTIG Research upped their target price on T1 Energy from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised T1 Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, T1 Energy presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

T1 Energy Trading Up 16.6%

Shares of NYSE:TE traded up $1.72 during midday trading on Tuesday, reaching $12.10. 32,359,760 shares of the company’s stock were exchanged, compared to its average volume of 40,179,216. The firm’s 50 day simple moving average is $6.10 and its two-hundred day simple moving average is $6.35. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of -5.26 and a beta of 2.13. T1 Energy has a fifty-two week low of $1.03 and a fifty-two week high of $11.43.

T1 Energy (NYSE:TE) last issued its quarterly earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.13. The company had revenue of $177.65 million for the quarter. T1 Energy had a negative net margin of 42.30% and a negative return on equity of 150.51%. During the same quarter last year, the company earned ($0.11) earnings per share. As a group, sell-side analysts forecast that T1 Energy will post -0.29 EPS for the current fiscal year.

T1 Energy Company Profile

T1 Energy Inc is an energy solutions provider building an integrated supply chain for solar and batteries. T1 Energy Inc , formerly known as FREYR Battery, is based in NEW YORK.